Category Archives: Natural Catastrophe

Winter storms and hurricanes, all of an afternoon

A forecast given by a long-range climate model differs to that of a short-range weather model, as it expresses the likelihood of all possible outcomes rather than just one solution. Continue reading →

Has hurricane season peaked?

As an ex-weather forecaster, and redoubled through my role working with the Willis Research Network, I have always been involuntarily drawn toward extreme weather. For me, the peak of hurricane season always brings both excitement and anticipation at the prospect … Continue reading →

Questions of coverage in the wake of Italy’s August earthquake

Last week’s earthquake in central Italy raises questions regarding the lack of earthquake insurance take-up and resilience measures, also available techniques for managing earthquake catastrophe accumulations. Continue reading →

The risk manager of the future

Some people miss the good old days. I don’t. I’ve been around since the days when business was done on a napkin with people who were more like buddies than business partners and yes, when the deal was done, there … Continue reading →

Insurance costs and economic costs of wildfire

The wildfires in Fort McMurray, Alberta, Canada earlier this spring brought great destruction and displaced approximately 88,000 people. It is comforting that no deaths have been reported, especially considering the speed and extent to which it spread. The fire was … Continue reading →

Preparing for seasonality, hurricane season and beyond

More understanding of and attention to seasonality in all of its various forms can not only help grow and improve the ILS market but also make the broader (re)insurance markets more effective and efficient. Continue reading →

Dispelling the myth: Hurricane Andrew didn’t happen in an El Niño year

In the 20 or so years that span my reinsurance career the subject of the influence of El Niño–Southern Oscillation (ENSO) on Atlantic hurricanes has often come up. And the topic invariable leads to the following comment “Yes, but didn’t … Continue reading →

A “drought” of major hurricane landfalls? Science weighs in.

Hurricane season is here. Tropical Storm Colin is the third named storm in the Atlantic basin this year, and has brought rough seas, heavy rain and flooding to Florida and parts of the east coast of the U.S. So far … Continue reading →

What could a La Niña mean for insured property exposure along the U.S. coast?

June 1 marked the beginning of hurricane season in the Atlantic Basin for 2016. Willis Towers Watson Wire recently published a blog on our predictions for this season based on Colorado State University’s forecast. With the hurricane season in mind, … Continue reading →

2016 Atlantic Basin seasonal hurricane forecast: Average, but what does that mean?

The 2016 Atlantic hurricane season will likely have activity near the average 1981-2010 season, with 90% probability of U.S. major hurricane landfall. Continue reading →